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hd hasn't rolled out in turkey and russia. it's a big hedge for us. >> thank you for being here. >> appreciate it very much. join us tomorrow. "squawk on the street" begins right now. >>> good monday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, david faber and jim cramer. we kick off the week better than we had seen last week. looking at a higher open across the board after the worse weekly losses with both indices closing below the 200-day moving average on friday. looking at the action over in europe, we are seeing small gains across the board. our road map starts on capitol hill where congress returns to work tomorrow as leaders prepare to meet with the president this week on the fiscal cliff. lawmakers over the weekend sound optimistic that a deal will be reached. how likely is that? >> jeffries gets bought in a $3.7 billion deal. leucadia is described as a mini berkshire hathaway. >> a war to see who will open earliest on black friday or on thanksgiving itself as it turns out. >> first up, after coming off the worst week for the markets
! wow. i've he never seen anything other than in soviet russia to see this kind -- >> jim, jim -- >> what? david? >> is it too early to buy groupon? >> i've been debating that, and zynga. >> what is amazing, it wasn't that long ago, this company came public, marketed as a great growth stock. as melissa just said, there is no growth anywhere. it takes you back to a number of the ipos we know quite well, zynga, groupon, facebook to an extent, linkedin, this group never should have been public. before it went public they did that final round, raised $900 million and google was willing to pay them $6 billion for that company but they wouldn't pay it now. >> wow, wow. >> unbelievable. josh brown, frequent guest on "the halftime" today said they have destroyed 10 billion of a $12 billion original cap. this ipo was a war crime. >> a war crime? >> invokes nuremberg. >> have you mentioned, evercore going to $2 price target -- >> he starts by saying we missed our revenue expectations by meeting our operating profitability? wow. meeting what? meeting what? fiscal cliff. >> here on "squawk
and some others too. >> yeah, i was thinking it bick, not brick. russia has been left out of the equation, foreign corrupt investigation, not a great number here at all. the stock had become a very big institutional favorite. if you recall during the mexican investigation, when "new york times" piece it, the stock was trading between 57 and 58. they were then overridden by a couple of really good, solid quarters. this was not the quarter that anyone was looking for. >> except for those who sold the stock over the last couple of weeks. i mean that stock has started to come through. >> i'm kind of confused why this one is so shocking, if only because they had -- they haven't seen even robust the last couple of months. becky did a fabulous job, because you're talking about a 10th of the country involved. the age of walmart is the able of shopping. so what does this say? >> of course when we consider walmart as a percent of overall public retail sales. the numbers are enormous. this retailer dwarf's others by certain metrics. we think the holiday season is going to be competitive, we think we
. >> so like an exchange in the old communitiest russia? sort of like that, exactly. exactly. what i think will happen is there will be a secondary market where people will go for goods and services. the merck, board of trade, i.c.e., there's a lot of technology behind it. it's not just the price on the board. there's clearing in settlement, delivery, all the things that go with back office processing that people forget about. that's ongoing fixed costs that's very expensive. i think the -- cme, one of the top technological companies in the united states. it seems like a massive undertaking, so legislations pass, but none of the detail is worked out. you know, when it comes to the fiscal cliff. many have said you can take an envelope, and we need to extend the age, maybe tax issues, these are easy. but what we're talking about to set up would be on the back of the sears tower. it's monstrous. the government isn't good at this. >> the government isn't good at it. but we know the way we were doing it was bad, right? >> absolutely agreed. >> they're focusing there on costs. that's why costs c
Search Results 0 to 3 of about 4